Shibarium, a decentralized exchange (DEX) based on the Shiba Inu (SHIB) token, has received a massive boost thanks to NOWPayments. The cryptocurrency payment gateway announced on Twitter that it would be integrating Shibarium into its platform, allowing users to easily exchange SHIB for other cryptocurrencies.
NOWPayments To Integrate Shibarium
NOWPayments made the exciting revelation via its official Twitter account after applying through the Shibarium Intake form. The company received an affirmative response from Shytoshi Kusama, the lead developer of Shiba Inu, paving the way for a fruitful collaboration.
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🚀 Exciting news, #ShibArmy!NOWPayments is thrilled to collaborate with @Shibariumtech 🤝
We've applied for a partnership and got a positive response from @ShytoshiKusama! Together, we'll boost #crypto payment adoption & build on #Shibarium
Stay tuned for updates 👀
— NOWPayments (@NOWPayments_io) April 12, 2023
Shibarium was created by the Shiba Inu community as a way to provide a decentralized and secure platform for trading SHIB. The DEX has quickly gained popularity among SHIB holders, with a daily trading volume of over $10 million as of the time of writing.
NOWPayments, a cryptocurrency payment gateway that allows merchants to accept various cryptocurrencies as payment, has recognized the potential of Shibarium and decided to integrate it into its platform. This integration will make it easier for SHIB holders to exchange their tokens for other cryptocurrencies and use them for purchases at merchants that accept cryptocurrency payments.
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The announcement of NOWPayments’ integration with Shibarium was met with excitement from the SHIB community. Many users on Twitter praised the move, calling it a “game-changer” and a “huge step forward” for the adoption of SHIB as a legitimate cryptocurrency.
The integration with NOWPayments is just the latest in a series of developments for the Shiba Inu community. In recent months, SHIB has gained widespread attention and popularity, with many investors and traders buying into the token in the hopes of profiting from its rapid price movements.
Despite some criticisms of SHIB as a “meme” token, the Shiba Inu community has remained strong and focused on building a decentralized ecosystem around the token. The integration with NOWPayments is a testament to the community’s efforts and will likely help to further legitimize SHIB as a viable cryptocurrency.